The future of EU capital markets

We believe Europe needs bigger and better capital markets and that this represents a huge opportunity for the industry and its customers to rethink capital markets.

March 2015

Thinking allowed: Does finance benefit society? by Luigi Zingales

Finance academics and economists need to take a more constructively critical approach to the finance industry to help keep it on its toes.

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November 2014

The good news hiding in the wreckage of the FX scandal

You should never underestimate the capacity of some people in the financial markets to look you in the eye while they pick your pocket.

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November 2014

How to make markets fair and effective - Minouche Shafik

An edited summary of a speech by Minouche Shafik about the Fair and Effective Markets Review

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October 2014

Thinking allowed: a selection of the best recent academic papers

A selection of recent academic papers and research that we have read, sifted and translated so that you don't have to.

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July 2014

The addiction to high costs that is killing investment banks

The investment banking industry has lots of problems, but few of them are as intractable as its problem with costs.

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March 2015

Capital markets union: managing high expectations

This paper is an attempt to manage some of the expectations around capital markets union.

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November 2014

Capital markets union: be careful what you wish for...

A brief look at how capital markets union may be diverted or delayed.

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October 2014

Why should you care about ‘capital markets union’?

An edited version of an article that was published in The Daily Telegraph on 7 October 2014

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September 2014

Driving growth: the case for bigger and better capital markets

Making the case for bigger and better capital markets in Europe

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July 2014

Market failure? The two different faces of the IPO market

An emphasis of the importance of the IPO as a mechanism for capital raising and encouraging the shift away from bank financing.

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January 2015

Making the positive case for capital markets

Instead of shouting at the waves, the capital markets industry needs to adopt a more enlightened approach.

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November 2014

Thinking allowed: a selection of some recent academic papers

Our summaries of some recent academic papers and research

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October 2014

The banking industry and its ‘Clause IV moment’

If the industry does not convince policymakers that it has seen the light it will find the changes ahead even more painful.

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August 2014

The myth of Sisyphus and the reality of never-ending banking reform

Senior bankers may recall that the story of Sisyphus doesn’t end well. In fact, it doesn’t end at all.

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June 2014

Why is the financial industry so inefficient?

A summary of Thomas Philippon's paper 'On the Theory and Measurement of Financial Intermediation'

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